This week, the cryptocurrency economy soared to a staggering $3.29 trillion. Bitcoin (BTC) rose 10%, while Ether (ETH) followed with a 9% gain. Meanwhile, a wide range of altcoins posted impressive gains, with many posting double-digit and even triple-digit growth.
From DOGE to XLM, the Crypto Market Is Booming
As Bitcoin ( BTC ) approaches the $100,000 mark, the entire cryptocurrency market has seen significant growth. By noon ET on Friday, the total cryptocurrency market cap stood at $3.29 trillion, with many coins strengthening against the US dollar. Among the best performers over the past seven days was Mantra Dow ( OM ), which gained 120.48%. Stellar ( XLM ) wasn’t far behind, rising 115.86%, and Hedera Hashgraph ( HBAR ) surged 97.88%.
The meme-inspired coin DOG is up 67.84%, while Ripple (XRP) is up 66.49%. Curve DAO (CRV) is up 60.43%, and Root Network (ROOT) is up 58.97%.
Tezos ( XTZ ) added 53.56% to its value, cardano ( ADA ) grew by 47.60%. Flare ( FLR ) surged by 45.59%, and cosmos ( ATOM ) saw a 44.68% increase. Other notable gainers included OP, ALGO, QNT, ARB, and VET.
In terms of trading volume, Dogecoin (DOGE) took the top spot, followed by Solana (SOL), Cardano (ADA), Pepe (PEPE), Stellar (XLM), Binance Coin (BNB), and Shiba Inu (SHIB). However, while many coins thrived this week, others faltered.
Meme coin MOODENG fell 38.81%, while ACT dropped 37.74%. The new PNUT token fell 29.9%, and AI-generated meme coin GOAT dropped 15.54%. The crypto market rally underscores a dynamic landscape where growth, driven by a mix of leading assets and niche tokens, points to increased investor confidence and speculative enthusiasm.
With Bitcoin approaching $100,000 and altcoins making exceptional gains, this momentum highlights the appeal and risks inherent in this rapidly evolving sector, keeping stakeholders keenly focused on what lies ahead.
